Typography

Threats of strike action by the Queensland racing industry on Melbourne Cup and Cox Plate Days have eased, but the industry is warning it still wants a resolution to its dispute with the state government over the new betting tax.

An alliance of various racing bodies including jockeys, trainers and thoroughbred breeders is calling for a part of the government's new Point of Consumption tax to be given to the racing industry.

Following a two-hour meeting with the government on Tuesday, the industry group announced on Friday it had put strike plans "on hold" but warned it had not taken the option off the table if negotiations did not go favourably.